Saudi Arabia will require oil prices higher than $84/b to avoid running another deficit, analysts warned after the kingdom announced on Tuesday record government spending in its state budget for Continue Reading
Saudi Arabia’s 2019 budget allocates 33 billion riyals ($8.8 billion) for the energy, industry, mining and logistics sectors, oil minister Khalid al-Falih said in a tweet on Wednesday. That is Continue Reading
Iraq has agreed on a deal with U.S. company Schlumberger Ltd to drill 40 wells in the giant Majnoon oilfield, the Oil Ministry said on Wednesday. Iraqi Oil Minister Thamir Continue Reading
Despite the U.S. sanctions, Iran continues to explore and discover new oil and gas reserves and now ranks “first in terms of oil and gas reserves in the world,” Iranian Continue Reading
Switzerland is close to launching an initiative to let companies sell food, medicine and medical devices to Iran using a payments channel that would be the first such mechanism to Continue Reading
Qatar Petroleum bought from Italy’s Eni a 35 percent interest in three offshore fields in Mexico’s Campeche bay area 1, estimated to yield over 100,000 barrels of oil by 2021. Continue Reading
State energy major Qatar Petroleum is looking to invest as much as US$20 billion in LNG projects in the United States over the next few years, Reuters reports , citing Continue Reading
Iran’s revenues from crude oil and oil products surged by 55 percent between March and October, the first seven months of the Iranian year, compared to the same period of Continue Reading
In recent months, it’s been difficult to hear any positive statements coming from Iran’s troubled oil sector, particularly since President Trump decided in May to reinstate tough sanctions over what Continue Reading
Saudi Arabia’s Energy Minister Khalid al-Falih discussed on Sunday opportunities for joint investments and cooperation in petrochemical and refining projects with Mukesh Ambani, the chairman of India’s Reliance Industries—the company Continue Reading
